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1254 N Las Palmas Ave, Los Angeles, CA 90038
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1254 N Las Palmas Ave Los Angeles, CA 90038

$13,328,000 Sold Price as of 06/16/2022
  • 40 Beds
  • 40 Baths
  • 25,240 Sq.Ft.
Sold
$13,328,000 Sold Price as of 06/16/2022 Refinance Your Mortgage
Map preview of 1254 N Las Palmas Ave, Los Angeles, CA 90038

Property Overview: 1254 N Las Palmas Ave Los Angeles, CA has 40 bedrooms, 40 bathrooms, 25,240 living square feet and 15,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Las Palmas Villas, A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors, and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with an enormous rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing the perfect spot to unwind and take in the sunsets surrounded by breathtaking views and the Hollywood sign. Laundry is included and located on the 2ndfloor of each townhome, as well as an attached 2 car enclosed garage. Make this dream home your reality! Showing by appointment Only

Listed by Adi Ben Yaacov | BRE #01903479 | Rodeo Realty- Brentwood
Last checked: 15 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
15,098
HOA Dues
$0/mo
Year built
2022
Garage
10 Car
Property Type:
Multi Family
Status
Sold
MLS#
22117707
City
Los Angeles
County
Los Angeles
Time on Site
858 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 2
  • # of Electric Meters: 10
  • # of Gas Meters: 10
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $7,750
  • Total Rent: $7,750
  • Pro Forma/Market Rent: $31,000
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $7,500
  • Total Rent: $7,500
  • Pro Forma/Market Rent: $45,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.3
  • Gross Scheduled Income: --
  • Net Operating Income: $684,240
  • Gross Operating Income: $912,000
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $162,000
  • Trash: $6,000
  • Gardener: $3,000
  • Insurance: $6,000
  • Maintenance: $12,000
  • Professional Management: $27,360
  • Water/Sewer: $11,400

Virtual Tour

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Property Details for 1254 N Las Palmas Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Gas
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Living Room, Electric
Room Information
  • Flooring: Wood, Tile
  • Master Bathroom, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Gas Range
Interior Features
  • Levels: Three Or More
  • Window Features: Drapes
  • Security Features: Fire and Smoke Detection System, Gated Community, Fire Rated Drywall, Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Other
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 20
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 5532003038
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica East of Highland
View more facts & features

Local Los Angeles Agent

Sale History for 1254 N Las Palmas Ave

Last sold for $13,328,000 on June 16th, 2022

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23298617

    $7,300

    Price

  • Aug 7, 2023

    Date

    Active

    CRMLS: 23298617

    $7,500

    Price

  • Listing provided courtesy of CRMLS

    A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with a large private rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing a spot to unwind and take in the sunsets and breathtaking views of the Hollywood sign. Laundry is included. as well as an attached 2 car enclosed garage.

  • July, 2023

  • Jul 1, 2023

    Date

    Expired

    CRMLS: 23261467

    $7,500

    Price

  • Apr 18, 2023

    Date

    Active

    CRMLS: 23261467

    $7,500

    Price

  • Listing provided courtesy of CRMLS

    A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with a large private rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing a spot to unwind and take in the sunsets and breathtaking views of the Hollywood sign. Laundry is included. as well as an attached 2 car enclosed garage.

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: 23253299

    $7,750

    Price

  • Mar 22, 2023

    Date

    Active

    CRMLS: 23253299

    $7,750

    Price

  • Listing provided courtesy of CRMLS

    A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with a large private rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing a spot to unwind and take in the sunsets and breathtaking views of the Hollywood sign. Laundry is included. as well as an attached 2 car enclosed garage.

  • June, 2022

  • Jun 16, 2022

    Date

    Sold

    CRMLS: 22117707

    $13,328,000

    Price

  • Jan 11, 2022

    Date

    Active

    CRMLS: 22117707

    $13,950,000

    Price

  • May, 2022

  • May 1, 2022

    Date

    Leased

    CRMLS: 22117769

    $7,500

    Price

  • Jan 11, 2022

    Date

    Active

    CRMLS: 22117769

    $7,500

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to Las Palmas Villas, A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with an enormous rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing the perfect spot to unwind and take in the sunsets surrounded by breathtaking views and the Hollywood sign. Laundry is included and located on the 2ndfloor of each townhome, as well as an attached 2 car enclosed garage. Make this dream home your reality!Showing by appointment Only. minimum 1-year lease, Pets accepted by owners approval. Electric car plug is available at the garage

  • April, 2022

  • Apr 1, 2022

    Date

    Leased

    CRMLS: 22137063

    $7,750

    Price

  • Mar 16, 2022

    Date

    Active

    CRMLS: 22137063

    $7,750

    Price

  • Listing provided courtesy of CRMLS

    Welcome home to Las Palmas Villas, A New Construction complex with gated townhomes in the heart of Hollywood; These unique 4-bed, 4-bath townhomes are exceptionally bright, designed to achieve a perfect balance of timeless design, sophistication, quality & elegance using warm wood floors, steel windows, steel doors and classic tiles. Main level offers an open space inviting you to cozy up by the fireplace or relax at your balcony; Stunning kitchen equipped with champagne appliances, Italian faucets, custom cabinetry & shelving. Each room feels complete with built-in closets, filled with natural light and dressed with sheer curtains. Chic Bathrooms continues the design tone and luxury feel of this home. Sealing your experience with an enormous rooftop deck BBQ ready with natural gas line & electric cables to connect a projector providing the perfect spot to unwind and take in the sunsets surrounded by breathtaking views and the Hollywood sign. Laundry is included and located on the 2ndfloor of each townhome, as well as an attached 2 car enclosed garage. Make this dream home your reality!Showing by appointment Only. minimum 1-year lease, Pets accepted by owners approval. Electric car plug is available at the garage; This is a corner Unit; Additional balcony off mater bedroom, additional windows, and 360 views off the roof deck

  • December, 2012

  • Dec 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

  • October, 2001

  • Oct 3, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1254 N Las Palmas Ave

Assessed Value (2020): $2,502,606
Year Land Value Improved Value Assessed Value
2020 $1,872,606 $630,000 $2,502,606

Home Value Compared to the Market

This property vs the competition

1254 N Las Palmas Ave sold on June 16, 2022 for 1072.27% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $552.69 per/sqft which puts the price per square foot 26.8% lower than the current median sale per square foot for the city of Los Angeles.

About 1254 N Las Palmas Ave

Detailed summary of property

1254 N Las Palmas Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 40 bedrooms, 40 bathrooms, roughly 25,240 living square feet, and sits on an approximately 15,098 square foot lot. 1254 N Las Palmas Ave was first listed on ArdentRealEstateGroup.com on January 11, 2022. The homeowner sold the property for $13,328,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1072.27% higher than the current median priced home. Local homes that are currently for sale include 1728 N Sierra Bonita Ave, 2611 E Broadway and 283 Avocado St. While the average home in Los Angeles, CA is selling in 92 days, 1254 N Las Palmas Ave has a days on market of 98 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1254 N Las Palmas Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1254 N Las Palmas Ave

Public county record property details
Beds
9
Baths
7
Year built
1912
Sq. Ft.
4,359
Lot Size
--
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5532-003-038

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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